The Credit Union was established in 1967 by eight employees who represented the Personnel Committee of the Methodist Hospital. At its first Annual Meeting, it was stated that the credit union would be a safe and sound alternative to the banking community, to allow employees and their families to save and to borrow with confidentiality.

In March 2003, the name of the Credit Union was officially changed to NYM Federal Credit Union to better reflect the name of our sponsor. Over time, the Credit Union’s products and services have become more robust. However, the Credit Union remains committed to personalized service and, to this end, continues to operate solely for the benefit of our membership, who share a common bond through New York Methodist Hospital.

The Credit Union is run by a seven member Board of Directors which meets monthly to enact policies, make important decisions and strategically plan for the Credit Union’s growth and success. A five member supervisory committee maintains oversight and a credit committee and individual loan officers grant loans. Day-to-day operations are run by a professional staff. The Credit Union has an Annual Meeting for the membership every December.